Swiss National Bank Portfolio holdings
The Swiss National Bank (SNB), founded in 1907 and headquartered in Zurich with an office in Bern, is Switzerland’s central bank, responsible for conducting monetary policy, issuing the Swiss franc, and ensuring price stability, while uniquely managing a massive investment portfolio. Unlike most central banks, the SNB is a joint-stock company with shares traded on the SIX Swiss Exchange, owned roughly 55% by public entities like cantons and 45% by private investors, yet it operates independently under federal oversight. It holds over $800 billion in foreign currency reserves as of late 2024—invested in global equities, bonds, and gold—to manage the franc’s value, famously intervening in markets to prevent excessive appreciation, as seen with the 2015 abandonment of the euro peg. Led by Chairman Thomas Jordan until his planned exit in September 2024, the SNB balances its dual role as a monetary authority and a significant global investor, influencing both Swiss and international financial stability.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Marcus & Millichap
MMI
$1.16B
| $1.34M | ﹤0.01% |
43,300
+8,000
| +23% | +$291K |
|
|
ORIT
1952
DELISTED
Oritani Financial Corp. New
ORIT
| $1.34M | ﹤0.01% |
75,300
+1,100
| +1% | +$18.4K |
|
|
PVTL
1953
DELISTED
Pivotal Software, Inc.
PVTL
| $1.33M | ﹤0.01% |
+126,400
| New | +$2.24M |
|
|
LION
1954
DELISTED
Fidelity Southern Corporation
LION
| $1.33M | ﹤0.01% |
43,100
+3,300
| +8% | +$96.2K |
|
|
LABL
1955
DELISTED
Multi-Color Corp
LABL
| $1.33M | ﹤0.01% |
26,700
+600
| +2% | +$30K |
|
1956
Camden National
CAC
$970M
| $1.33M | ﹤0.01% |
29,061
+700
| +2% | +$30.6K |
|
|
ALDR
1957
DELISTED
Alder Biopharmaceuticals
ALDR
| $1.33M | ﹤0.01% |
113,142
| – | – |
|
1958
German American Bancorp
GABC
$1.87B
| $1.33M | ﹤0.01% |
44,150
+900
| +2% | +$26.5K |
|
1959
NRC Health Common Stock
NRC
$462M
| $1.33M | ﹤0.01% |
23,100
+2,800
| +14% | +$130K |
|
1960
AdvanSix
ASIX
$439M
| $1.33M | ﹤0.01% |
54,300
| – | – |
|
|
WPG
1961
DELISTED
Washington Prime Group Inc.
WPG
| $1.32M | ﹤0.01% |
38,474
+789
| +2% | +$32.4K |
|
1962
Inspire Medical Systems
INSP
$1.73B
| $1.32M | ﹤0.01% |
21,800
+10,100
| +86% | +$544K |
|
|
LGF.A
1963
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.32M | ﹤0.01% |
107,450
+10,300
| +11% | +$148K |
|
1964
Liberty Energy
LBRT
$3.45B
| $1.31M | ﹤0.01% |
+81,300
| New | +$1.25M |
|
|
FFG
1965
DELISTED
FBL Financial Group
FFG
| $1.31M | ﹤0.01% |
20,600
+300
| +1% | +$19.1K |
|
1966
Astec Industries
ASTE
$991M
| $1.31M | ﹤0.01% |
40,300
+3,500
| +10% | +$117K |
|
|
CHCT
1967
Community Healthcare Trust
CHCT
$433M
| $1.31M | ﹤0.01% |
33,300
-400
| -1% | -$14.9K |
|
|
RDUS
1968
DELISTED
Radius Recycling
RDUS
| $1.31M | ﹤0.01% |
49,900
+1,600
| +3% | +$38.1K |
|
1969
Dillards
DDS
$9.9B
| $1.3M | ﹤0.01% |
20,900
-2,600
| -11% | -$167K |
|
|
NFBK
1970
DELISTED
Northfield Bancorp
NFBK
| $1.3M | ﹤0.01% |
83,200
+2,000
| +2% | +$29.9K |
|
1971
Select Water Solutions
WTTR
$2.69B
| $1.3M | ﹤0.01% |
111,700
+16,200
| +17% | +$189K |
|
|
BNFT
1972
DELISTED
Benefitfocus, Inc.
BNFT
| $1.29M | ﹤0.01% |
47,700
+600
| +1% | +$20.1K |
|
|
NVMI
1973
Nova
NVMI
$12.2B
| $1.29M | ﹤0.01% |
51,945
+1,261
| +2% | +$33.7K |
|
|
XENT
1974
DELISTED
Intersect ENT, Inc
XENT
| $1.29M | ﹤0.01% |
56,800
+3,900
| +7% | +$105K |
|
|
BRY
1975
DELISTED
Berry Corp
BRY
| $1.29M | ﹤0.01% |
121,900
+2,800
| +2% | +$31.7K |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.